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Salzgitter

Delivery deadline for surpluses from the realization of pledges in the pawnbroking industry: extension

Description

Description

In the pawnbroking industry, pawnbrokers may only accept a pledge if, among other things, they have agreed with the pledger that they are entitled, two years after the end of the year in which the pledge was realized, to transfer the portion of the proceeds that is not due to the pawnbroker as satisfaction and has not been paid out to the pledger to the competent body.

If such an agreement has been concluded and the date to be determined thereafter has been reached, surpluses must be transferred to the competent body after one month at the latest so that this part of the proceeds is forfeited. This period may be extended for good cause upon application to the competent body.

Explanations and notes